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Why ASX 200 Down by 2.15% Today ??? 
Asx 200 Live -> http://www.stockmaster.in/asx-200-index-charts.html
Asx 200 Live -> http://www.stockmaster.in/asx-200-index-charts.html
Why is the ASX 200 down by 2.15% today?
- Thread starter steve401111
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white_goodman
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Why ASX 200 Down by 2.15% Today ???
Asx 200 Live -> http://www.stockmaster.in/asx-200-index-charts.html
its the start of a new bear market
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GFC round II (or is it III, I forget).
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Ben's looking to close his wallet?
China has been attacking US infrastructure with data bombs and the US is about to respond with real bombs?
China's curbing house prices?
Europe's recession is worse than expected?
Oil prices have gone over the line and are now stalling growth?
The sequester is not going to go so smoothly?
It's just a bit of profit taking?
A healthy pullback we've all been waiting for!
China has been attacking US infrastructure with data bombs and the US is about to respond with real bombs?
China's curbing house prices?
Europe's recession is worse than expected?
Oil prices have gone over the line and are now stalling growth?
The sequester is not going to go so smoothly?
It's just a bit of profit taking?
A healthy pullback we've all been waiting for!
Ben's looking to close his wallet?
China has been attacking US infrastructure with data bombs and the US is about to respond with real bombs?
China's curbing house prices?
Europe's recession is worse than expected?
Oil prices have gone over the line and are now stalling growth?
The sequester is not going to go so smoothly?
It's just a bit of profit taking?
A healthy pullback we've all been waiting for!
Pullback? personally I am confused, after such a steady climb in the market I was expecting a 2.15% daily gain......
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I bet Joe could tell us how many new members have joined ASF this past 2 weeks. It would be way above average is my guess. And they all bought in at the top and will sell just as it bounces, and they will swear never to invest/trade again.
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Well if they were not enough reasons to not be confused, here is another:
This weekly chart shows that there may still be people around this resistance line that just want to get out because they have not had a chance for years and they do not believe in this rally.
The volume on the latest rally is a bit week which is not good.
However notice that it's after a flatter and shallower U like dip as opposed to a sharper V like dip.
This indicates consolidation and makes for a stronger rally than the last attempt at this line of resistance at 5000 to 5200.
Chatists on this forum may give a much better insight than me.
tinhat
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Some days the market goes up and some days it goes down. Sometimes by a little bit, sometimes by a lot. In general it tends to go down quicker than it goes up. It's a bit like the game snakes and ladders.
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500 pts worth of froth build up since Dec holidays...
Now, 100 pts down.....400 pts more to go to get rid of the froth
tech/a
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500 pts worth of froth build up since Dec holidays...
Now, 100 pts down.....400 pts more to go to get rid of the froth
That'll do it.
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What a cheerful lot!
When it goes up, it rises towards your sell price!
When it goes down, it falls towards your buy price!!
When it goes up, it rises towards your sell price!
When it goes down, it falls towards your buy price!!
So_Cynical
The Contrarian Averager
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Top of the range people! top of the range.
A sideways bear market and we are at (were at) the top of the range...lucky im sitting on more cash than i have held since Jan 2009.
A sideways bear market and we are at (were at) the top of the range...lucky im sitting on more cash than i have held since Jan 2009.
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ASX Ltd. (ASX), operator of Australia’s main stock exchange, reported first-half net income fell as reduced stocks trading hurt revenue.
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Needed a breather. Will this pause allow a few sitting in cash to come in and push the market higher again? Time will tell.With interest rates as low as they are and what looked like the start of a bull market, it wlil be interesting.
white_goodman
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guru
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Mr Bernanke has announced a reduced stimulos in the USA going forward. London and Europe are heavily hit in all sectors and no let up a few hours from the close. FTSE 100, very few stocks have resisted the trend -- blood everywhere.
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Interesting view from Marcus Padley -
Stockbroker Marcus Padley, author of the Marcus Today newsletter, told PM the commodities sector had possibly been hit by rumours of a US hedge fund ditching assets because it was in trouble.
"One of the stories going around is that there's a commodities hedge fund in the US that has gone belly-up or something like that and is having to liquidate positions in all sorts of commodity-orientated investments, which include, apparently, Australian equities," he said.
"It would only take one international fund to make some small asset allocation change that would include $1 billion being sold in the Australian market, something like that, which would create this sort of day," he said.
Link
http://www.abc.net.au/news/2013-02-21/market-falls-sharply-back-below-5000/4532568?section=business
Stockbroker Marcus Padley, author of the Marcus Today newsletter, told PM the commodities sector had possibly been hit by rumours of a US hedge fund ditching assets because it was in trouble.
"One of the stories going around is that there's a commodities hedge fund in the US that has gone belly-up or something like that and is having to liquidate positions in all sorts of commodity-orientated investments, which include, apparently, Australian equities," he said.
"It would only take one international fund to make some small asset allocation change that would include $1 billion being sold in the Australian market, something like that, which would create this sort of day," he said.
Link
http://www.abc.net.au/news/2013-02-21/market-falls-sharply-back-below-5000/4532568?section=business
Country Lad
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Aha, close to the correct answer at last, showing it may just be a bit more serious than the previous quips. It was the release of minutes from the last Federal Open Market Committee meeting which spurred the sell-off. The minutes showed the likelihood of scaling back quantitative easing which was followed by talks of possibly the same occurring in Europe.
Then of course there is the approaching 1 March issue of "Sequestration" which is a series of about $85 billion of automatic spending cuts. Not as bad as the recent fiscal cliff but a concern to the market anyway.
So, it could be a little more than just needing a breather. It appears to be a case of the Americans finally realising that their system is actually broken.
Cheers
Country Lad
